HONG KONG, Jan 15, 2026 (BSS/AFP) - Oil prices plunged on Thursday after fears over instability in Iran were eased by comments from US President Donald Trump. "They've said the killing has stopped and the executions won't take place -- there were supposed to be a lot of executions today and that the executions won't take place -- and we're going to find out," he said. Concern that the situation could restrict supplies of crude had caused oil prices to rise around 1.5 percent on Wednesday. "Oil prices dropped... on comments from US President Donald Trump that Iran would refrain from any further killing of protesters, watering down fears of a looming supply shock in energy markets," said Kyle Rodda of Capital.com. Iran makes up three percent of global oil production, analyst Michael Wan of financial group MUFG noted this week.

Source: Bangladesh Sangbad Sangstha January 15, 2026 02:20 UTC